Tag: insurance-coverage
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How is the value of my claim calculated?
What is the estimated value of my case? The value of your claim depends on various factors, such as responsibility, harm, and causal relationship. When assessing a claim, it is necessary to establish the fault of the opposing party for the incident. The severity of the injury is another crucial aspect and encompasses the total…
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How Are Insurance Claims Handled?
As soon as possible after the accident you should contact your own insurance company to notify them of the car accident. You have the right to call an office at LegalFirmName.com for a free consultation before you contact your insurance company. Your own insurance company is responsible for paying your medical bills and lost wages…
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Why don’t insurance providers resolve cases promptly?
Insurance providers don’t resolve cases promptly because the insurance industry is a highly lucrative business sector. These providers generate substantial profits by collecting premiums, funds paid by individuals seeking insurance coverage. However, when valid claims arise, insurance providers vigorously contest them in order to retain these funds. This is how they maximize their profits.
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What does it mean that State X is a “No-Fault State” in terms of auto insurance?
What Is Florida’s No-Fault Insurance And How Does It Affect My Case? What is the no-fault law in the state of Florida? No-fault insurance is essentially insurance that is mandated by the state of Florida for vehicle owners. No-fault insurance is also referred to as personal injury protection insurance. This policy offers $10,000 in coverage…
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What is the first thing I should do after a car accident in Florida?
What should I do after a car accident before hiring a lawyer? What information should I obtain after my car accident in Florida? What should I do right after a car accident occurs? After your car accident in Florida, you should obtain the name and the contact number of the person that hit you, and…
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What other optional coverage should I consider?
What is Comprehensive and Collision coverage? Collision coverage is an insurance coverage that an individual purchases from their insurance provider, and it provides protection for any damages caused to their vehicle in a collision. This coverage safeguards the individual in situations where the at-fault party is uninsured or if they collide with an object due…
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What is extensive protection?
Extensive protection refers to insurance coverage purchased from your own insurance provider, designed to compensate for any car damage that arises from incidents other than collisions. For example, if a tree topples onto your vehicle or if a hurricane causes flooding leading to car inundation. This type of coverage is known as extensive protection, wherein…
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What is liability insurance?
Liability insurance is insurance you buy from an insurance company that protects you if you cause harm or damage to somebody else. For instance, if you have a car accident and you injure somebody, your liability insurance will come into play. If you have a property and you have a leaky faucet that you knew…
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Why is it important to have uninsured or underinsured motorist coverage?
Why would someone get uninsured or underinsured motorist coverage? What is the significance of underinsured/uninsured motorist coverage in Florida? What does uninsured/underinsured motorist coverage entail? The purpose of acquiring uninsured or underinsured motorist coverage is to safeguard yourself, your loved ones, and the passengers in your vehicle in case of an accident with an uninsured…
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What should I do if the individual responsible for the incident lacks insurance coverage?
What are the options if the individual responsible for the fatality lacks insurance? What if I was hit by a driver without insurance? In the unfortunate event that a family member or loved one loses their life due to the negligence of another individual without insurance, the uninsured motorist coverage becomes crucial. Consequently, it is…
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What should you do if you’re involved in a collision with a driver lacking insurance coverage?
If you find yourself in an accident with an uninsured driver, don’t believe that you have no recourse. In reality, you have various potential avenues for receiving compensation ? filing insurance claims, initiating lawsuits against the driver, or even pursuing legal action against other responsible parties.
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How much title insurance should I obtain for my Florida property?
How much does title insurance typically cost? What is the purpose of title insurance, and why is it necessary? What are the various categories of title policies? It is recommended to have title insurance coverage equal to the fair market value of the real estate. While homeowners often remember to update their insurance coverage annually,…
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What can I do if I become the victim of a hit-and-run incident in Florida?
What should I do if I am involved in a hit and run accident? What steps should I take if I was involved in a hit-and-run accident? What if a motorcycle is involved in a hit-and-run collision? If a motorcyclist is involved in a hit-and-run crash, they should immediately take photos of the accident scene,…
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How soon should I seek medical attention after being injured in a car accident?
What steps should you take after experiencing an injury in a car accident? What should I do if I’ve been injured in an automobile accident? What should I do if I have been injured in a car crash? Even if you are not immediately aware of an injury, there are actions you can follow after…
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What is the purpose of “recording” a document?
When you acquire tangible assets, you receive a written document known as “the official document” which transfers the ownership of the assets from the buyer to you as the purchaser. The official document grants you legal rights in exchange usually for a specified sum of money. The transfer of interest in tangible assets is not…
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Maximize Your Car Accident Settlement: 9 Tips to Get More Money
1. Document the accident scene by taking photos and videos of the damage to both vehicles, weather conditions, and injuries sustained. 2. Gather contact information from any witnesses who may have seen the accident. 3. Seek immediate medical treatment to have the injuries evaluated by a medical professional. 4. Do not speak with the other…
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Everything You Need to Know About Naming Your Life Insurance Beneficiary
– Business owners can use life insurance to equalize the value of each child’s inheritance or to buy the deceased partner’s interest from their family. – Parents with young children can use life insurance to pay for the expenses of raising children and provide for a surviving parent if the deceased parent was the family’s…
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Understanding the Tax Implications of Employer-Provided Life Insurance
1. If an employer provides group term life insurance coverage higher than $50,000, the excess amount is considered taxable income to the employee. 2. The cost of group term insurance is determined based on an IRS table, which can result in higher taxable income for older employees. 3. The taxable amount is reported on Box…
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Understanding Equitable Estoppel and Insurance Coverage in Florida
1. Equitable estoppel requires a misrepresentation of a material fact that is relied upon by the party asserting estoppel. 2. The party claiming estoppel must show a detrimental change in position as a result of the reliance on the misrepresentation. 3. Equitable estoppel precludes a party from maintaining inconsistent positions to the detriment of another.…
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Answering Your Car Accident Questions
1. In Florida, even if the car accident is your fault, you will still have insurance coverage through personal injury protection (PIP). However, the other driver can still sue you if their injuries are severe. 2. Information about your car accident in Florida becomes public record 60 days after the collision. Until then, only select…
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Building or Renovating a Home in Florida: What High Schoolers Need to Know
1. In Florida, every contractor must be licensed in the state before working on a home building or remodeling project. 2. There are different types of contractor licenses, such as certified or registered, and they are regulated by the Florida Department of Business and Professional Regulation. 3. It is important to check a contractor’s license…
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Understanding Condo Insurance Rules in Florida
– The Florida Statutes control property insurance requirements for condo associations and unit owners, regardless of what is in the condo’s declaration. – Adequate property insurance must be based on the replacement cost of the property, determined by an independent insurance appraisal performed at least once every 36 months. – The association’s board may determine…
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What Florida Insurers Should Know about Bad Faith Law Changes
– The Florida Supreme Court outlined an insurer’s good-faith duties in the context of third-party liability claims in the case Boston Old Colony Ins. Co. v. Gutierrez in 1980. – These duties include advising the insured of settlement opportunities, possible claim outcomes, and the potential for an excess judgment. The insurer must also fully investigate…